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Bubbling away nicely here....
Even if the SP does go above 100p the MMs wont let you sell. I have been trying all morning and all I get is a NT, unless I sell at £1000 increments thus costing me £212 in share dealing fees. The game is rigged and only the house wins... totally frustrated.
This is definitely heading to above 100p...some folks,and even the big boys are well aware of the prospects here after last week RNS.....GLA.
With the redemption of the preference shares does it mean that, other things being equal, the pretax profit will rise by £1.5 million per year?
Re comment earlier £1.09p is the 52 week high but £9 is the all time high if you factor in the share consolidation of several years ago (would have to look back if it was 10 for 1 or different but I recall a share price of around 8-9p pre consolidation).. What I do know is that there is significant potential upside here over the next 2-3 years if profits continue to recover and I presume todays news makes it less likely that another consolidation or share placing is around the corner... unless there's an acquisition at a later date....................
True you're right it is undervalued, balance sheet looks much healthier and growth outlook key here, potential to build. Keep an eye on that tiddler I mentioned earlier (£3m mcap on similar earnings to this)
5k seller too, has he bottled it lol ?
Looks like we have a 5K Buyer
Looks like it is going to soar through that... Any ideas where this will stop, 130P?
If their margins hold then they should be making a gross profit circa £10 million next time. Makes a mkt cap of £5.5 million rather out of line.
yes pbt of £0.6m but underlying of £2.1m due to debt & share costs, and now they've relieved themselves of much of the debt burden that underlying pbt becomes distinctly feasible in real terms, order book already grown to over £100m since results too. I'm in for a small amount at .76, this will be a slow (but good) progressive mover imo
Expected big shakes as such a low float
lefrene 19 Jun'15 - 09:57 - 3298 of 3298 0 0 With such a small float it's near impossible to buy in any size. Any institutional buying is going to push this towards a more normal valuation. For once a company that has persevered through some very difficult times with dedicated management, and have now got themselves back on a footing from which they can grow. I notice also all the awards the company has been receiving, very professional all round.
198k profit after tax, despite huge revenues but good outlook already for this year. Expecting similar turnaround on MBO (high revenue, back to profits) next week with Final Results :)
Sorry how can £1 be a 5 year high ? You mean £10 yes ?
Difficult to predict fair value but north of £1 seems fair since the sector is recovering - the order book is up - and less preference share interest will be payable going forward gl
At this rate you'll get your 200p rather quickly!
£2 my target here
hxxp://www.constructionenquirer.com/2015/06/19/styles-wood-starts-making-a-profit-again/
+42% There are 7m shares in issue, plus £5m of Prefs. With underlying pretax of £2m this might have an Enterprise value of £20m. Minus the Prefs and that is £15m or 200p.......not £9 as this is NOT worth £63m !!!
Above the bid on dummy sells. Think this will tick away all day today nice steady rise. The best kind
+40%
Of this I'm in hoping for 100 today looks like it can be done best of luck to everyone
going crazy. Ticking up with nearly every buy.
77-78